Trump delays tariffs, investors turn to cryptocurrencies as trade war fears ease

U.S. President Donald Trump recently announced tariffs on Canada, Mexico, and China, which caused significant market turmoil. However, last-minute deals with Canada and Mexico have delayed these tariffs, preventing a potential trade war and allowing markets to recover. The tariffs would have impacted about $1.3 trillion in trade, raising the average U.S. tariff rate significantly. Analysts feared this could slow economic growth and increase inflation, negatively affecting stock performance. With the trade war averted, some investors are shifting focus to cryptocurrencies, viewing them as a safer investment during economic uncertainty. There are expectations for a rise in altcoins, suggesting a potential new investment opportunity in the crypto market.